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The fraud company has given no withdrawal anymore.
I had to pay high taxes before withdrawing. I gained 50,000 but the taxes totaled 15,000.
I have been withdrawing funds for four months, and have been saying to switch to a third-party payment platform, and have been rejecting the withdrawal
I am so stupid that they cheated me to deposit funds. When I wanna withdraw funds, they said the withdrawal process in Taiwan was so strict! In the end, I paid the margin and my account was frozen. This fraud called himself Yao Zhang!
I wanna withdraw funds. But the customer service said I hadn't invested.
Today, the authorization failed. It was possible to log in before, and the customer service information is not returned.
A friend introduced me IFS Markets and I deposited on it. At first I gained a lot but then I was unable to withdraw. I found it was a scam and I lost 142,000.
On March 26th, there was a 1000-pip slippage with IFS Markets , which hadn’t occurred in other platforms, leading to forced liquidation. Only by trading to a certain lot, can I get the compensation. But during the later trading process, I figured out that the compensation couldn’t be used for trading. Meanwhile, the margin portion was also fake, what I lost is my fund, leading to account liquidated again. Hope you take heed on it and avoid being cheated.(I made a loss of at least 100 thousand RMB)
Having traded in the platform, I couldn’t withdraw fund and profit both.
I do not know if I should believe what customer service said. I just hope that Taiwan platform can be restored and logged in regularly.
IFS Markets has been withdrawing money for a week. They send me an email saying that there is an abnormal transactions and have not answered anymore. MT4 can't be traded. No money has been given.
They induced me to deposited 2000$ last month 16th. I transferred money to a personnel account. After two hours, I saw my 2000$ balance on the website. They told me the platform is legit and regulated by ASIC. I traded as they asked. Later I found their spread for gold is 100$, and their people manipulated my account all the time. I tried to withdraw, but they told me it needs 15 days. When I came back from business trip and applied for a withdrawal again, I found I was blocked and my account was banned. Don’t get yourself fooled!
I cannot open IFS app since this afternoon. Has anybody encountered the same situation?
The attitude of Taiwan customer service is really poor. I already answered the message, but the customer service does not response to me for many days.
After I downloaded the APP and made a profit, the platform gave no access to withdrawal with the excuse of wrong bank information and asked me to deposited and to pay individual tax. Now the withdrawal is unavailable.
I want to withdraw 300,000 USD. It said that my account was blocked and ask me to deposit 300,000 USD. It promised to complete the withdrawal in August. I asked about taxes but it said there was no tax. Several days later, it told me to deposit 90,000 USD because of high tax and other reasons. The balance in my account totalled 1,400,000 USD. I received a message that I was suspected to launder money with foreign assets. My account was going to be blocked. My friend encountered the same situation as me. They refused to provide any certified information or take the responsibility. Please do not trust IFS Markets.
General Information & Regulation
IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. IFS Markets a registered trading name of IFS Markets Pty Ltd, and the company is fully licensed by the Australian Securities and Exchange Commission (ASIC) (regulatory certificate number 323193). IFS Markets doesn't accept traders from United State of America.
Market Instruments of IFS Markets
The company provides investors with mainstream and popular tradable instruments on the global financial market, including forex (providing 45 pairs of various mainstream and cross-currency exchanges), indices (from 14 popular stock indices on the world's largest stock market), commodities (gold, silver, crude oil), etc.
Minimum Deposit of IFS Markets
IFS Markets provides different types of accounts for different traders to meet their investment needs and investment strategies. There are two types of accounts: the Standard Account and the Professional Account. The minimum deposit for Standard Accounts is $100, and the minimum deposit for Professional Accounts is $300.
Leverage of IFS Markets
The maximum leverage available for forex products is from1:1 to 1:400, gold 1:100, silver 1:50. IFS Markets has no restrictions on trading strategies so hedging, expert advisors and scalping strategies are allowed.
Spreads & Commission Fees of IFS Markets
The standard account does not charge commissions, only the spread fee, and the main spread starts at 1.1 pips. The spread of the pro accounts starts at 0 pips, and $7 will be charged per 10,000 contract. Swap rates will be considered as a cost. Wednesday is a 3-day interest day. See the following swap rates table:
Trading Platform of IFS Markets
IFS Markets provides investors with an MT4 trading platform. Traders only need one account and one platform to access the forex, indices, and commodity CFD markets, creating a complete and high-efficiency trading software. Through MT4, traders can also get trading signals, the MetaTrader market, and the global community of fellow traders. The platform is seamlessly used for algorithmic trading, and these robots are directly applied to the chart chosen by the trader. MT4 is available for web versions and can be download at the same time. Besides, the company also provides MAM multi-account fund management, which allows users to access multiple MT4 accounts simultaneously.
Deposit & Withdrawal
The company provides many deposit and withdrawal options. The deposit and withdrawal options include VISA/MASTERCARD credit card debit card (accepting AUD, USD, JPY, EUR, NZD, BGP,CAD SGD, deposit fees are 2%, instant arrival, free withdrawal, 1-2 working days to process ), online banking (accepting RMB, THB, IDR, MYR and VND, no deposit and withdrawal fees, usually 1-2 working days to process withdrawal ), wire transfer (supporting AUD, USD, SGD, BGP, EUR, no deposit and withdrawal fees, 2-5 working days to process), POLI (accepting AUD, no deposit fees, instant arrival), Skrill (accepting AUD, USD, EUR, BGP, SGD , Charge 2% deposit fee, instant arrival, no deposit fee, 1-2 working days to process), NETELLER (accepting AUD, US dollars, EUR, BGP, SGD, 2% deposit fees, instantaneous receipt, no withdrawal fees, 1-2 working days to process), Fasapay (accepting USD, EUR, no deposit and withdrawal fees, instant arrival), DragonPay (free deposit and withdrawal, accepts PHP, instant processing), Bitcoin (a fee of 1.5% is charged for deposits, bitcoin is accepted, and processed instantly).
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